Heterodox Economic Modeller

Christopher Newfield, Independent Social Research Foundation <chris.newfield@isrf.org>

There is a long history of financial simulators that can be used to model national economies, dating back to the water-powered “Phillips machine” (we have one in Cambridge). Today’s economy is stuck in a rut, because alternative economic theories are proposed by people whose mathematical models are simply less well embedded than the legacy implementations. Your task is to create a quick and dirty financial simulator that could be used by heterodox economists to propose and debate serious alternatives to outdated government and corporate policies.